Open TurboTax

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Still need to file? Our experts can get your taxes done right. Get started >
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Showing results for 
Search instead for 
Did you mean: 
New Member


From 2 previous jobs I have a 401k and an IRA. Now with my current employer I have another retirement plan. Is it worth combining them all? And is that possible?

1 Reply
AnthonyC CPA
Employee Tax & Finance Expert


It is a personal choice if you want to combine your retirement accounts from your previous employers.  Sometimes people like to combine their old employer retirement accounts so that the retirement money is in one account.  Also, you may have more investment choices in a Rollover IRA account than you would in a former employer 401k plan.   If you want to do this you would need to open a Rollover IRA account and request the custodian's of the accounts that you want to move to do a rollover directly to the newly established Rollover IRA account.  If this is done properly the rollover would not be a taxable event.


All the best,


**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
message box icon

Ready to start your taxes?

Hand off your taxes, get expert help, or do it yourself.

See Pricing
Manage cookies